For the year ended March 31, 2010

Message from the Chairman and the President
It is our pleasure to report to you on JTEKT Corporation’s business performance for the fiscal year ended March 31, 2010.
Regarding the state of the world economy during this period, economic stimulus measures introduced by nations aroundthe world proved effective at curtailing economic declines, and signs of recovery began appearing. Movement toward
economic recovery was more distinct in emerging nations than in advanced nations. Concerning Japan’s economy, theexpansion of exports fueled by the recovery of Asian economies resulted in a mild economic recovery. In regard to the JTEKTGroup’s main business fields, while the auto industry began to rebound as “eco-car” tax breaks and other incentives spurred
automobile sales, industrial equipment industries remained stagnant as companies continued a low level of capital
expenditures. Regarding currency exchange, the yen continued to be strong.
Given such a business climate, in order to offset dramatic drops in manufacturing and sales volumes as well as thenegative impact of the strong yen, the JTEKT Group strove during this term to improve its profitability by optimizing its
manufacturing and sales network, promoting local manufacturing and procurement, and reducing costs by strong efforts to
reduce waste.
In regard to consolidated results for the period, the drop in worldwide automobile sales in the term’s first half andcompanies’ reluctance to make capital expenditures resulted in sales of 769,682 million yen, a decline of 247,389 million yen,or 24.3%, from the previous term. Concerning profit, although reductions in labor costs, overhead expenses, externalpurchasing costs, etc. were achieved, these were not enough to offset the dramatic decline in sales volumes, resulting in an
operating income of 425 million yen (compared to 22,370 million yen the previous term) and an ordinary loss of 252 million
yen (compared to ordinary profit of 11,109 million yen the previous term). A net loss for the period of 19,413 million yen wasrecorded as a result of such costs as those incurred in optimizing business structures in order to improve profitability.
An end-of-term dividend of 6 yen per share was issued, bringing the total dividend for the year to 11 yen per share (with aninterim dividend of 5 yen per share).
The JTEKT Group will strive to construct a corporate structure able to respond more quickly and flexibly to changes in thebusiness environment. In the short term, we will endeavor through the joint efforts of our design, production engineering,
manufacturing, and purchasing functions to achieve dramatic improvement in our cost structure by further improving
productivity and developing low-cost technology. Regarding
middle-term and long-term efforts toward future growth, we
consider it an important corporate mission to contribute to resolving
global warming and other environmental issues and will pursue thedevelopment of energy-efficient, low-carbon, environmentally friendly
products. We also will strive to “stand in the shoes of customers”
worldwide and develop advanced products that meet theirdiversified and regionally based requirements, optimize our global
supply network, and improve quality.
The continued strong support of our shareholders will be sincerely
appreciated.

June 2010

Kohshi Yoshida

Shoji Ikawa

ChairmanPresident

Contents

1

Message from the Chairman and the President ………… 1

Consolidated Balance Sheet …………………………… 7

Consolidated Financial Highlights ………………………… 2

Consolidated Statement of Income and Retained Earnings … 8

Global Business Activities …………………………………… 3

Consolidated Statement of Cash Flows………………… 8

Introduction of New Products and New Technologies …… 5

Nonconsolidated Balance Sheet ……………………… 9Awards ……………………………………………………… 5

Nonconsolidated Statement of Income ………………… 10

Social Contribution Activities …………………………… 6

Stock Information ………………………………………… 10

Message from the Chairman and the President

Consolidated Financial Highlights Comparison of Five Fiscal Years
Net income per share

Consolidated sales
1,157

1,200
1,100

1,025

(unit : billions of yen)
1,017

1,000

(unit : yen)
140.51150120

135.58109.64

900
800
700

90

769

724

60

600
30

500
400

0

300
200

-30

100

-37.22

0
〜3/06

〜3/07

〜3/08

〜3/09

〜3/10 (FY)＊Consolidated operating income
77

80
70

-60
〜3/06

〜3/07

〜3/08

〜3/09

Net assets per share(unit : billions of yen)

64

1,000

(unit : yen)

1,168.42

1,200

1,082.87
951.66937.0360
50-60.45〜3/10 (FY)＊924.27

800

44

40

600

30
400

22
20

200

10

0

0
〜3/06

〜3/07

〜3/08

〜3/09

0

〜3/10 (FY)＊Consolidated net income

〜3/06

〜3/07

44

〜3/09

〜3/10 (FY)＊

Cash dividends per share(unit : billions of yen)

50

〜3/08

(unit : yen)

24.00

25

43

40

19.00

20
30

17.00

27
15

20

15.00
11.00

10

10

0
5

-10

-11
-19

- 20
〜3/06

〜3/07

〜3/08

〜3/09

〜3/10 (FY)＊

0
〜3/06

〜3/07

〜3/08

〜3/09

〜3/10 (FY)＊＊(FY 2009 ending March 31, 2010)

Consolidated Financial Highlights

2

Global Business Activities

Number of companies : 34
Number of employees : 15,878

Transition of sales(unit : billions of yen)

700
595

600

634
539

500

Transition of sales : 437 billion yen

400

437

405

300
200
100
0

~3/06 ~3/07 ~3/08

JTEKT Technical Fair 2009
We held JTEKT Technical Fair 2009 (JTF2009) at our Customer
Center located in Kariya City, Aichi Prefecture on November 4 and 5,
2009. With the concept of “The monozukuri of tomorrow is in sight”,
we introduced the products of our group companies, including
the 13 new machine tool models newly developed for theenvironmentally-friendly market in which growth is expected.
We exhibited world’s-first cutting-edge technologies andhigh-efficiency grinding technologies to approximately 2,000 guests
from home and abroad, including Chinese guests.

~3/09 ~3/10 (FY)＊TG4 Grinding Center

JTEKT received the Nikkan
Kogyo Shimbun Ten GreatNew Products Award
The CNC TG4 Grinding Center earned the Monozukuri Award of
the 52nd Ten Great New Products Award organized by the Nikkan
Kogyo Shimbun.
The TG4, which was developed in response to market needs ofthe production equipment market that requires high-value added
production and lead-time reduction, is more compact and saves
space by using a single piece of equipment for a grinding processthat previously required two.
It was also highly evaluated as a complex grinding machine thatsignificantly reduces running cost by consolidating process flow.

Transition of sales
Number of companies : 25

231

240
200

Number of employees : 7,682

160

188

(unit : billions of yen)

200

149
134

Transition of sales : 134 billion yen

120
80
40
0

~3/06 ~3/07 ~3/08~3/09 ~3/10 (FY)＊TPCA awards ceremony

JTEKT participated in
Hannover Messe 2009

Awards for the twoconsecutive years from TPCA

One of the world’s biggest exhibitions in the industrial field,
Hannover Messe 2009, was held in Germany. In addition tobearings for wind power generation, EXSEV bearings andhigh-performance bearings, we made a presentation at theenvironment and energy-related hall to let the visitors know that
JTEKT is an environmentally conscious and sophisticated company,
and that satisfied many visitors.

JTEKT Automotive Czech Plezen, S.R.O, a local production
company for steering systems in the Czech Republic, was selected
as one of the 15 top companies from among 200 suppliers of TPCA
and received the Good Supplier Award at the TPCA Supplier Award
Ceremony. This is due to our quality and punctuality, and we havebeen awarded for two consecutive years after being selected for theBest Supplier Award. We will pursue customer satisfaction throughcooperation among the functions concerned.
＊TPCA: Toyota Peugeot Citroën Automotive Czech. An automobile production company
jointly established in the Czech Republic by Toyota Motor Company and PSA
Peugeot Citroën.

3

Global Business Activities

Number of companies : 17

Transition of sales
Tran(unit : billions of yen)

180

170

160

Number of employees : 4,571

120

Transition of sales : 94 billion yen

154

145

140
107

100

94

80
60
40
20
0

~3/06 ~3/07 ~3/08

Heading toward the No. 1
position in the auto parts sector~3/09 ~3/10 (FY)＊JTEKT bought the needle roller bearing business from the Timken
Company, a leading bearing manufacturer in the US and started
operation in January 2010. Through this acquisition, we succeededin reinforcing the operation of needle roller bearings, which has been
a top priority. Also, we believe that this acquisition will enable anappropriate response to the varied needs of our customers all over
the world.
A welcoming ceremony for the needle roller bearing business washeld at the Sales Division of Koyo Bearing USA LLC, our American
subsidiary company for manufacturing and sales of bearings, onJanuary 28-29.
We will strive to be the No.1 company in the auto parts sector withthe mottoes of “Customers first, quality first” and “Passion for
creation and innovation”.

Number of companies : 42

120

120

Overseas manufacturing bases: 12 manufacturing bases (5 in North
America, 6 in Europe and 1 in China) and 3 development bases (1 in the US
and 2 in Europe)
Number of employees: 3,242 (at the end of 2009)
Sales amount: 408 million USD (2009)((unit : billion
billionss of yen)
131

103

100

Transition of sales : 103 billion yen

Outline of the needle roller bearing businessTransition
Transiti
on of sales
140

Number of employees : 7,334

Welcoming ceremony for Timken Company’s needle roller bearing business

87

80
60

61

40
20
0

~3/06 ~3/07 ~3/08~3/09 ~3/10 (FY)＊The ground-breaking ceremony for constructing YSK’s new plant

KBIN held its first dealers’ meeting.
Made a commitment to expand sales
in the Indian market

YKS held a ground-breaking ceremony forconstruction of a new plant, aiming toestablish the No. 1 model plant in China

As part of its reinforcement of operations in emerging markets,
JTEKT established its Indian subsidiary for sales of bearings, Koyo
Bearings India Private Limited (hereinafter referred to as KBIN), in
July 2007. In November of the same year, KBIN held its first dealers’meeting with its 6 dealers from around the country. They committed
to expanding sales in the dynamic Indian market by sharing thestrategic goal of expanding sales in the industry sector.

Yobei Koyo Steering System Co., Ltd., our Chinese subsidiary forsteering production, held a jichinsai, or groundbreaking ceremony,for the start of construction of the new plant. With the motto of“Honestly, steadily and thoroughly”, YKS aims to produce 1 million
units annually and to become the No.1 model plant in China throughthe full realization of JPS＊.
＊JPS: JTEKT Production System. A system pursuing efficient manufacturing
by painstakingly cutting waste＊(FY 2009 ending March 31, 2010)

Global Business Activities

4

Introduction of New Products and New Technologies
Enriching society through “monozukuri” manufacturing that contributes to the global environment

Steering
Assist mechanism

In the case of dual-pinion type electric power steering (DP-EPS), the assist

Motor/ECU Reducer

Steering wheel shaft
Torque sensor

mechanism supplementing the driver’s turning effort is located in the engine room.
While this mechanism is attached to the steering shaft in most EPS systems, in thecase of DP-EPS it is attached directly to the rack by means of a “second pinion” inaddition to the steering shaft pinion. This system features packaging flexibility because
the assist mechanism can be located freely along the rack. Additionally, its output is 20
percent higher than that of conventional EPS.

Bearings

Rack bar

PinionDevelopment of new bearing material dramatically improving bearing life and enabling
development of long-life, highly corrosion-resistant bearing JHS520 for rolling mill roll necks

JTEKT Corporation has developed the long-life, highly corrosion-resistant bearing
JHS520 for rolling mill roll necks as the first in a series of JTEKT Hyper-Strong (JHS)
bearings featuring long life and high durability for use in steelmaking equipment. JTEKT
succeeded in dramatically extending life through the application of a newly developed
bearing material enabling the improvement of bearing rolling fatigue life and corrosion
resistance.
Narrow type with seals

Open typeAwardsWe received an award for our advanced integrated technology. We continue to develop our technologies.

Driveline

The DLC-Si coated electromagnetic clutch received “Invention Award”

DLC-Si coated electromagnetic clutch, which was jointly developed with Toyota R&D Central
Labs, Inc. and used for our intelligent torque controlled coupling (ITCC), received “The Invention
Award” of “The 2009 National Commendation for Invention”.
The National Commendation for Invention is intended to encourage invention and contributeto technological development in Japan by rewarding people who make outstanding inventions.
This is the first time for us to earn this prize.
ITCC is a product that is equipped to the rear differential of 4WD vehicles. The technology ofthe lightweight and compact DLC-Si coated electromagnetic clutch that achieved durability ofeight times that of conventional products was appreciated.

Machine tools andMechatronics

Earned the Technology Prize of the Japanese Societyof Tribologists for the year 2008

The four engineers of JTEKT received the Technology Prize from the Japanese Society of
Tribologists for the development of environment-friendly grinding technology, the ECOLOG
Grinding TYPE II. This award is given to recognize excellent performance among technologies
in practical use concerning tribology, with high quality and capacity, and from which futuresocial contribution can be expected. Our technology, which reduced coolant usage, wasvalued as energy efficient and a great contribution to the environment of the production site.

5

Introduction of New Products and New Technologies
AwardsSocial Contribution Activities
JTEKT tries to create opportunities to interact with local people as a member of the community andas a good corporate citizen.

Volleyball lessons for local elementary school students

Activities for Youth Development
We work to provide knowledge and human resources fordeveloping youth, the bearers of the future generation. The
Association of Engineering Meisters of JTEKT gives guidance on
monozukuri (manufacturing) and held “Monozukuri School for
Families” at the Kariya Plant Technical Center in August to raise
the local people’s interest in manufacturing. On the day, 45families (115 parents and children) participated, including manyfrom the local community. Our male volleyball team holds
volleyball lessons in many places, in which they utilize the skills
Coaching by the members of JTEKT STINGS

that helped them to win the V. Challenge League title in2009-2010. In March, they held a volleyball class for the local
elementary school children at our Tokyo Plant. The families ofour employees also joined the class to interact with the local
community. In addition, the whole company gets involved inyouth development activities by opening our grounds andhosting a plant tour.

Interactions with the local community
We try to create forums for dialogue and interaction with thelocal community. For example, we held the “Plant Festival” at our

Monozukuri School
for Families: making
a linear motor capsule

10 plants in Japan. Each plant staged well-planned events
including inviting a student brass band or a Japanese drum teamof the region to play, hosting a volleyball lesson, and holding aplant tour. In this way we amused nearly 8,000 people, including
both local people and our employees. We will cherish this senseof unity regardless of our position and endeavor with the local
community to enrich society.

Social Contribution Activities

6Financial data

Consolidated Balance Sheet
March 31, 2010ASSETS

Millions of yen
2010

Thousands of
U.S. dollars
2010

Current assets:

2010

Thousands of
U.S. dollars
2010￥103,268＄1,109,934

33,392358,903Trade140,146

1,506,302

Unconsolidated subsidiaries and affiliates

10,951

117,703

LIABILITIES AND NET ASSETS

Millions of yen

Current liabilities:

Cash￥55,839＄600,161

Short-term loans

Time deposits

2,445

26,282Current portion of long-term debt

Short-term investments

43,631

468,947

Notes and accounts payable

Notes and accounts receivable:Trade157,891

1,697,020

Unconsolidated subsidiaries and affiliates

11,526

123,880

Other

Allowance for doubtful accounts

17,737

190,640

187,154

2,011,540（927）（9,963）

Construction

5,210

55,998Other

11,479123,371

167,786

1,803,374

Income tax payable

3,734

40,129Accrued expenses

29,833

320,647

Other current liabilities

21,838234,713

186,227

2,001,577

Inventories

124,403

1,337,089

359,851

3,867,700

Deferred tax assets

16,433

176,624

Long-term debt

100,692

1,082,249

Other current assets

7,521

80,839Accrued indemnities from retirement benefit plan

58,260626,183

436,499

4,691,519

Accrued severance indemnities for members of
2,989

32,12336,701

394,462

665

7,147

9,389

100,913531,846

5,716,315

36,879396,380

Capital surplus

99,525

1,069,706

Retained earnings

176,038

1,892,061

Total current assets
Investments and advances:the board of directors and corporate auditors

Investments in securities

14,91051,611

160,260
554,722

Buildings and structures

211,083

2,268,738

Machinery and equipment

691,851

7,436,057

Accumulated depreciation

4,740

50,950907,674

9,755,745（653,961） （7,028,815）
253,7132,726,930

Land

55,992601,805

Construction in progress

10,125

108,828

319,830

3,437,563

2,496

26,825

Deferred tax assets
Other assets
Total assets

Total liabilities
Net assets:
Shareholders’ equity:

Property, plants and equipment:

Lease assets

Deferred tax liabilities
Other liabilities

Investments in and advances to unconsolidated
subsidiaries and affiliates

Total current liabilities

36,569393,046￥847,005＄9,103,675

Common stock:
Authorized - 1,200,000 thousand shares
Issued - 321,406 thousand shares

Less: Treasury shares（377）（4,046）

11,436

122,916（26,683）（286,788）

18,341

197,131315,159

3,387,360￥847,005＄9,103,675

Evaluation and conversion difference:
Unrealized gain on other securities
Translation adjustments on foreign currency
financial statements
Minority interests in consolidated subsidiaries
Total net assets
Total liabilities and net assets

Conversion rate: ￥93.04 per U.S. dollar
As of March 31, 2010, JTEKT had 117 consolidated subsidiaries and 12 affiliates accounted for by the equity method.
The main ones of each type are shown below.

(Consolidated subsidiaries)
KOYO MACHINE INDUSTRIES CO., LTD.
TOYOOKI KOGYO CO., LTD.
KOYO SEALING TECHNO CO., LTD.
CNK CO., LTD.
KOYO THERMO SYSTEMS CO., LTD.
KOYO ELECTRONICS INDUSTRIES CO., LTD.
KOYO SALES, LTD.
DAIBEA CO., LTD.
UTSUNOMIYA KIKI CO., LTD.
HOUKO CO., LTD.
TOYODA VAN MOPPES LTD.

7

Consolidated Balance Sheet(Af filiates accounted for by the equity method)
JTEKT (THAILAND) CO., LTD.
JTEKT AUTOMOTIVE TENNESSEE-MORRISTOWN, INC.
JTEKT AUTOMOTIVE TENNESSEE-VONORE CO.
JTEKT AUTOMOTIVE LYON S.A.S.
JTEKT AUTOMOTIVE DIJON SAINT-ETIENNE S.A.S.
JTEKT AUTOMOTIVE VIRGINIA, INC.
JTEKT AUTOMOTIVE (THAILAND) CO., LTD.
KOYO CORPORATION OF U.S.A.
KOYO ROMANIA S.A.
KOYO BEARINGS (EUROPE) LTD.
TOYODA MACHINERY USA CORP.

FUJIKIKO CO., LTD.
MITSUI SEIKI KOGYO CO., LTD.

Consolidated Statement of Income andRetained Earnings For the year ended March 31, 2010

Consolidated Statement of Cash Flows
For the year ended March 31, 2010

2010

Thousands of
U.S. dollars
2010￥769,682＄8,272,598

Cost of sales

679,9137,307,753

Gross profit

89,769964,845

Depreciation and amortization

89,344960,276

Equity in earnings of unconsolidated subsidiaries

425

4,569

Millions of yen

Net sales

Selling, general and administrative expenses
Operating income
Other income (expenses):
Interest and dividend income
Interest expenses

1,439

15,464（3,429）（36,852）48

517

Foreign currency exchange gain, net
Loss on sales or disposal of property,
plant and equipment, net（845）（9,083）Equity in earnings of unconsolidated
subsidiaries and affiliates

Millions of yen
2010

Cash flows from operating activities:
Loss before income taxes

537,513（311）（3,339）Notes and accounts receivable（5,486）（58,959）

Inventories

16,820180,783

Notes and accounts payable

18,285

196,528

Bonuses to directors and corporate auditors（300）（3,225）

Payment of income taxes

1,269

13,640and affiliates

Other, net
Net cash provided by operating activities

3,340（152,395）

Increase in time deposits（16,655）（179,009）

Decrease in marketable securities

Loss before income taxes and items listed below（16,230）（174,440）

Purchases of property, plant and equipment

Income taxes:
3,923

42,168Deferred（465）（4,994）

Minority interests in net income of（2,952）（19,413）（208,662）

Increase in investments in securities

Increase in loans receivable
Other, net
Net cash used by investing activities

197,8072,126,043

Net increase due to the change
in scope of consolidation

plant and equipment

Payments for transfer of business（275）

Consolidated retained earnings:
Balance at beginning of the year

（8,626）
679,875（1,222）（13,135）

700

7,520

（33,136）（356,153）

3,972

42,691

Proceeds from sales of property,

Current

Net loss（802）
63,255

Cash flows from investing activities:

311

consolidated subsidiaries￥（16,230） ＄（174,440）
50,010（14,179）

Other, net

Thousands of
U.S. dollars
2010

（95）

（1,021）（28,980）（311,482）（302）（3,244）

1,348

14,495（57,715）（620,329）

18,407

197,842

Cash flows from financing activities:
Increase in short-term loans
Increase in long-term debt

1,177

12,651

Cash dividends（3,533）（37,971）

Cash dividends

Balance at ending of the year

176,038

1,892,061

Other, net
Net cash provided by financing activities

1,900

20,421（4,074）（43,791）（867）（9,322）

15,366

165,150

Per share:

Yen

U.S. dollars

Exchange difference of cash and cash equivalents

1,844

19,823Net loss￥（60.45）＄（0.65）

Net increase in cash and cash equivalents

22,750244,519

11.00

0.12

Cash and cash equivalents at beginning of the year

75,074806,901

Net increase due to the change in scope of consolidation

1,515

16,281

Cash and cash equivalents at ending of the year

￥99,339＄1,067,701

Cash dividends
Weighted average number of common shares
outstanding (thousands)

321,141

321,141

Consolidated Statement of Income and Retained Earnings
Consolidated Statement of Cash Flows8

Financial data

Nonconsolidated Balance Sheet
March 31, 2010ASSETS

Millions of yen
2010

Thousands of
U.S. dollars
2010

Current assets:
Cash

2010

Thousands of
U.S. dollars
2010￥58,750＄ 631,449

25,000268,702

Millions of yen

Current liabilities:
Short-term loans￥ 5,599＄ 60,183

43,500467,541Trade59,322

637,596Trade

98,1581,055,008

Subsidiaries and affiliates

82,330884,886

Subsidiaries and affiliates

24,897

267,594

Other

10,230109,950

Construction

2,603

27,978151,882

1,632,432

Short-term investments
Notes and accounts receivable:

Allowance for doubtful accounts

Current portion of long-term debt
Notes and accounts payable

（31）

Other

（333）

5,752

61,818131,410

1,412,398

151,851

1,632,099

Income tax payable

730

7,847

Inventories

34,295

368,603

Accrued expenses

11,756

126,360

Deferred tax assets

13,080140,587

Other current liabilities

Other current assets

4,022

43,229252,347

2,712,242

Total current assets
Investments and advances:
Investments in securities

26,146

281,018

subsidiaries and affiliates

14,407

154,842

242,053

2,601,598

Long-term debt

84,000902,837

Accrued indemnities from retirement benefit plan

39,816427,951

1,489

16,003554

5,951

367,912

3,954,340

36,879396,380

Total current liabilities

Accrued severance indemnities for members ofInvestments in and advances tothe board of directors and corporate auditors

189,382

2,035,488

215,528

2,316,506

Other liabilities

Buildings and structures

116,467

1,251,798

Net assets:

Machinery and equipment

374,665

4,026,917

Shareholders’ equity:

1,228

13,201

Common stock:492,360

5,291,916

Property, plants and equipment:

Lease assets

Accumulated depreciation

Land
Construction in progress

Total liabilities（386,373） （4,152,758）

Authorized - 1,200,000 thousand shares
Issued - 321,406 thousand shares

105,987

1,139,158

Capital surplus

99,5181,069,629

38,934418,465

Retained earnings

120,856

1,298,964

Less: Treasury shares

4,428

47,594

149,349

1,605,217

Evaluation and conversion difference:

Deferred tax assets

10,523

113,103

Unrealized gain on other securities

Other assets

7,828

84,130￥635,575＄ 6,831,198

Total assets

Conversion rate: ￥93.04 per U.S. dollar

9

LIABILITIES AND NET ASSETS

Nonconsolidated Balance Sheet

Total net assets
Total liabilities and net assets（338）（3,635）

10,748

115,520

267,6632,876,858￥635,575＄ 6,831,198

Stock Information
Nonconsolidated Statement of Income
For the year ended March 31, 2010

2010

Thousands of
U.S. dollars
2010￥484,281＄ 5,205,084

Cost of sales

449,419

4,830,390

Gross profit

34,862

374,694

Millions of yen

Net sales

Selling, general and administrative expenses
Operating loss

40,066430,634（5,204）（55,940）

Other income (expenses):
Interest and dividend income
Interest expenses
Foreign currency exchange gain, net

7,354

79,040（1,830）（19,673）

18

193

Loss on sales or disposal of property
plant and equipment, net
Other, net

Loss before income taxes and items listed below

（81）

（871）

（5,061）（54,395）

400

4,294

（4,804）（51,646）

Income taxes:
Current

250

2,687

Deferred（2,579）（27,715）

Net loss

Shareholder Information
as of March 2010
(share quantities in units of 1,000)

1. Number of authorized shares: 1,200,000
Number of issued shares: 321,406
2. Number of shareholders: 21,908
3. Major (top 10) shareholders
Shareholder

No. of shares

Toyota Motor Corporation

72,435

Denso Corporation

17,611The Master Trust Bank of Japan, Ltd.

15,536

Japan Trustee Services Bank, Ltd.

12,483

Nippon Life Insurance Company

12,361

Toyota Industries Corporation

7,493

Resona Bank, Ltd.

6,749

The Sumitomo Trust and Banking Co., Ltd.

6,729

Sumitomo Mitsui Banking Corporation

6,366

Toyota Tsusho Corporation

5,649￥（2,475） ＄（26,618）

4. Breakdown of shareholders (100% = total issued shares)￥（7.71）＄（0.08）Self-owned shares
244（0.1％）

11.00

0.12

321,164

321,164

Per share:
Net loss
Cash dividends
Weighted average number of common shares
outstanding (thousands)

Individuals
25,087（7.8％）
Foreign companies
64,322（20.0％）

Japanese companies
120,181（37.4％）

Financial organizations
102,421（31.9％）

Securities companies
9,149（2.8％）

Nonconsolidated Statement of Income
Stock Information

10Company Profile
ProfileCompany name
Nagoya head office

Head office locations

No.7-1, Meieki 4-chome, Nakamura-ku, Nagoya, Aichi Pref., 450-8515, Japan
Osaka head office
No.5-8, Minamisemba 3-chome, Chuo-ku, Osaka, 542-8502, Japan
Main business

Manufacture and sale of steering systems, bearings,
driveline components, machine tools, etc.

Capital36 billion yen

Sales

Consolidated: 769 billion yen
Nonconsolidated: 484 billion yen

Number of employees

Consolidated: 35,465
Nonconsolidated: 10,105

Members of the Board and Officers
Board of Directors
Chairman

Kohshi Yoshida

Vice Chairman

Motohiko Yokoyama

President
Executive
Vice President

Shoji Ikawa

SeniorExecutive Director

Masakazu Nagai
Nobuyoshi Hisada

SeniorExecutive Director

Takaaki Suzuki

SeniorExecutive Director

Takao Yoneda

SeniorExecutive Director

Seiho Kawakami

Executive Director

Hitoshi Shimatani

Executive Director

Masakazu Isaka

DirectorTakeshi Uchiyamada

SeniorExecutive Director

Hiroshi ItohCorporate Auditor

Koichi Fukaya

Corporate auditors
Standing
Corporate Auditor

Masatake Enomoto

Standing
Corporate Auditor

Hiroshi Fujii

Corporate Auditor

Atsushi Niimi

Corporate Auditor

Masaaki Kobayashi

Executive
Managing Officer

Yoshio Sakai

Executive
Managing Officer

Tomizou Nakaya

Managing officers
Executive
Managing Officer

Ryuichi Kakui

Executive
Managing Officer

Hisashi Matsumoto

Managing Officer

Hiroyuki Kaijima

Managing Officer

Masayuki Kitamura

Managing Officer

Kiyohiro Iritani

Managing Officer

Noriya Murase

Managing Officer

Motoyasu Nakamura

Managing Officer

Shiro Nakano

Managing Officer

Yusuke Horiuchi

Managing Officer

Azuma AraiManaging Officer

Tomokazu Takahashi

Managing Officer

Hirokazu Takii

Managing Officer

Masaki Kamikawa

Managing Officer

Shinji Uetake

Managing Officer

Hiroyuki Miyazaki

Managing Officer

Yoshio Tsuji

Managing Officer

Keiji Araki

Managing Officer

Yutaka MoriManaging Officer

Hidekazu Omura

Managing Officer

Katsumi Yamamoto

Managing Officer

Kazunori Shimada

http://www.jtekt.co.jp